SEATTLE — Cushman & Wakefield has arranged the $250 million refinancing of Museum House, a 506-unit community in Seattle’s First Hill area that was completed in 2025. Dave Karson, Christopher Moyer, Alex Lapidus and Meredith Crawford represented the borrower, an undisclosed pension fund. Barings was the lender. Museum House comprises studio, one-, two- and three-bedroom residences, including 102 affordable homes for renters earning between 60 and 85 percent of area median income.
The property consists of two residential towers connected by a glass-enclosed skybridge approximately 300 feet above ground as well as 6,010 square feet of ground-floor retail. Amenities include a rooftop pool and hot tub, an indoor-outdoor fitness center, coworking spaces, resident lounges, a community kitchen, pet amenities and wellness programming.